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Sep 12, 2012
09/12
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there is the real fiscal cliff. what we have done is we have taken the focus and said here is short term again and the real problems are long term. manifestations come in the short term and will be much greater two years from now if we don't fix it. if in fact we don't send a signal that we are going to take care of the long term problems we can fix the fiscal cliff but it is not going to matter a year from now because the bond vigilante's will have driven down the price of bonds and interest rates will be around 6%. it is a perfect political strategy to take our eye off of what the real ball is. social security is not hard to fix. medicare is very difficult to fix. but it can be fixed. the health-care decision is a whole other discussion. you could have five ripon societies and not cover it. so i think there is a lot of emphasis on it but i want to remind you that is short-term thinking. that is all 17 or 18 months or less thinking. we need to be thinking three four five years and fix those. the short term will tak
there is the real fiscal cliff. what we have done is we have taken the focus and said here is short term again and the real problems are long term. manifestations come in the short term and will be much greater two years from now if we don't fix it. if in fact we don't send a signal that we are going to take care of the long term problems we can fix the fiscal cliff but it is not going to matter a year from now because the bond vigilante's will have driven down the price of bonds and interest...
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98
Nov 29, 2012
11/12
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the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's going on. the latest article in "politico" today said the deal -- the so-called deal has been negotiated by the speaker of the house and the president, not even harry reid is in the meetings, apparently. certainly not the members of the united states national or the members of the house of representatives -- united states senate or the members of the house of representatives. and if we had a public debate, people would discover that according to the c.b.o. mandatory spending is going to increase -- increase nearly 90% over the next te
the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's...
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Dec 12, 2012
12/12
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eye 74
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the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spendin
the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also...
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92
Jul 25, 2012
07/12
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as the fiscal cliff draws near and near, the job growth remains stagnant. congress should focus on long-term economic solution that is boost our recovery and provide businesses the certainty that they need to create jobs. thank you, mr. president, and i yield the floor and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. mcconnell: are we in a quorum call? the presiding officer: we are. mr. mcconnell: i ask unanimous consent that further proceedings under the quorum call be dispensed with. the presiding officer: without objection. mr. mcconnell: for nearly four years now, democratic leaders in washington have claimed to want what's best for the economy but done just about everything you can think of from a policy perspective to actually undermine the economy, whether it is overwhelming businesses with red tape, burdening them with costly new health care laws, or punting on major economic decisions until after the election. democrats have done everything you'd expect to more centralize power in washington
as the fiscal cliff draws near and near, the job growth remains stagnant. congress should focus on long-term economic solution that is boost our recovery and provide businesses the certainty that they need to create jobs. thank you, mr. president, and i yield the floor and suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. mcconnell: are we in a quorum call? the presiding officer: we are. mr. mcconnell: i ask unanimous consent that further...
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246
Nov 13, 2012
11/12
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CNBC
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then we turn to the drama on the fiscal cliff. if you need to get up for popcorn and soft drinks, do that during the fmoc minutes. >> okay. we will do that. stee steven, you're up with 30 seconds on the clock. >> we're looking at the retail sales. we think there's a lot of talk about sandy and the headline coming down which we agree with. a lot of automobile sales were impacted by that. look at the control group, they're expecting .3%. we think .8% up. with the momentum we had through october, these were really strong numbers. really flat. still trend positively for gdp. and as far as the economy goes, the trend is still our friend. so -- >> all right. we'll leave it there. lath, you're up, last but not least. 30 seconds on the clock. what do you want to look at tomorrow? >> last friday when consumer sentiment came out it was at 84.9, a four-year high. we think as we watch retail sales we're looking for an increase. we think this could be a very bullish event heading into the holiday season. and we think a good reflection of consu
then we turn to the drama on the fiscal cliff. if you need to get up for popcorn and soft drinks, do that during the fmoc minutes. >> okay. we will do that. stee steven, you're up with 30 seconds on the clock. >> we're looking at the retail sales. we think there's a lot of talk about sandy and the headline coming down which we agree with. a lot of automobile sales were impacted by that. look at the control group, they're expecting .3%. we think .8% up. with the momentum we had...
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409
Nov 21, 2012
11/12
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CNBC
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i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and there's a famous bell ringer himself joining us here at the new york stock exchange. of course, the marines and all of the armed forces always get a big hand when they come to the floor of the new york stock exchange. we're very glad they're with us today. what are you going to buy here? do you feel we've seen the lows for the year here? >> i think that right now the market's realized we're going through some sort of a brush fire. if we go past the end of the year and we have nothing and no prospects, then i think we have to worry about the forest. right now it's one of cautious optimism. >> but you have to operate your
i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and...
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110
Dec 21, 2012
12/12
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fiscal cliff today, not helping. as you know, not doing well today. >> thank you so much, scotty. >> up next, bracing for impact. what happens to your money when and if we good over the cliff. you may know my opinion by now. >> blackberry under a jam, but is the company toast? oh, well, the year is nearly over. we will have a fresh boat load of puns in 2013. >>> it beat the street by 14 sent a share. here's the thing, gross margins fell. they fell for the eighth straight quarter. that's bad. but based on their current projections, that streak of falling gross margins is likely, not guaranteed, to end next quarter. traders like it. stock is up 6%. >> i'm going to throw in a little bit of domestic here, it was strong in north near ka. balanced out in europe and slowing demand m china. >> but if we go over the fiscal cliff, the middle class can't buy the $185 shoes. >> there you go. throw that one in there. yum brands, this is falling. stop. it has to do with the safety possibility of chicken for kfc. food authority in
fiscal cliff today, not helping. as you know, not doing well today. >> thank you so much, scotty. >> up next, bracing for impact. what happens to your money when and if we good over the cliff. you may know my opinion by now. >> blackberry under a jam, but is the company toast? oh, well, the year is nearly over. we will have a fresh boat load of puns in 2013. >>> it beat the street by 14 sent a share. here's the thing, gross margins fell. they fell for the eighth...
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182
Jul 4, 2012
07/12
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KQEH
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so not only the fiscal cliff realization would contract the u.s. economy and reduce it to marginally positive, if at all, it would also have effects outside the united states. >> susie: our guest tonight says one word describes stock market performance for the rest of this year: "volatile." he's stephen wood, chief market strategist at russell investments. >> hi, steven. why the call for volatility? >> i think there's a lot -- i agree they're very consistent in the forecast on the u.s. economy, but there's a lot of political volatility. essentially, in a fragile economy, we've got european politicians, american politicians doing their best to kind of mess things up for investors, and one of those is the inability to decide where we're going to be in taxs and fiscal policy leading into the electric. that's creating volatility for investors, consumers, and business owners. depending on the election weather romney or obama wins, we'll have implementations of obama care. so there's policy issues on top of the economic and the corporate issues that are
so not only the fiscal cliff realization would contract the u.s. economy and reduce it to marginally positive, if at all, it would also have effects outside the united states. >> susie: our guest tonight says one word describes stock market performance for the rest of this year: "volatile." he's stephen wood, chief market strategist at russell investments. >> hi, steven. why the call for volatility? >> i think there's a lot -- i agree they're very consistent in the...
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188
Nov 27, 2012
11/12
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CNBC
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it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to
it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned...
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Dec 8, 2012
12/12
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KQED
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. >> i think the fiscal cliff ultimately will be rendered into a fiscal slow. between now and then the uncertainty is paralyzing ceo companies from big to small. you can see in the core capital goods orders which have basically fallen off in the last two quarters indicative of holding that business investment and hiring back which we think will change once we have some certainty brought into that equation. >> tom: finally housing which has shown remarkable stability in several markets but there's talk about limiting mortgage deductions with the fiscal cliff negotiations sometime next year. couldn't that impact the recovery? >> it could. obviously it might be relegated to more affluent households in terms on of the ability to do a deduction either in full or part. tend of the day there's a large household informq.rjz that's occur that's going to drive perspective homeowners into the market regardless. >> tom: let's get to the pic3sb here. you do like housing stocks with the home builders etf. what do you anticipate. they've had a nice run already. >> they've bee
. >> i think the fiscal cliff ultimately will be rendered into a fiscal slow. between now and then the uncertainty is paralyzing ceo companies from big to small. you can see in the core capital goods orders which have basically fallen off in the last two quarters indicative of holding that business investment and hiring back which we think will change once we have some certainty brought into that equation. >> tom: finally housing which has shown remarkable stability in several...
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156
Sep 22, 2012
09/12
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CNN
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falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support research would also be scaled back. the rest of the world is moving forward. u.s. college graduate rates are among the highest in the world, but the organization for economic development said the world is catching up quickly and may surpass the u.s. the u.s. ranked 22nd out of 27 countries, and just 27% of students in the u.s. with parents who didn't graduate from high school will go on to attend college. that's worse than any other country except new zealand and canada. we're cover lg of the issues important to you this wee
falls over the fiscal cliff. that fiscal cliff is a combination of tax increases and budget cuts that will hit at the beginning of next year unless of course congress does its job and fixes it. some of the cuts to education programs would hurt at-risk students. pell grants are safe at least for next year, but most other financial aid programs face a 8.8% cut. other programs would be cut as well, that means less money to support smaller class rooms, after school programs. programs that support...
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Sep 26, 2012
09/12
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eye 300
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there's going to be a focus on the fiscal cliff. i think there's a real possibility we test down at the 1410, which is really long-term downward trend line. it's really going to hold there if it breaks 1425. >> how much credence do you give to the notion of what's going on in europe and these anti-austerity protests are causing some of what we're seeing? >> a lot of it. it brought it back to the surface again that those problems are nowhere near being solved. greece, spain, now italy. >> you agree? >> absolutely. the ecb -- >> don't we already know the spanish economy needs help? they're going to propose a budget tomorrow. we know it's going to have a lot of deficits. >> what happened last week when the german high court made their decision in everyone thought, this is great. now the ecb can do what they need to do. everything's going to be good. that's not the way it is at all. >> i want to tell the ceo of i-cap is making it happen. they will ask for help, won't they? those conditions are being negotiated right now. >> at some poin
there's going to be a focus on the fiscal cliff. i think there's a real possibility we test down at the 1410, which is really long-term downward trend line. it's really going to hold there if it breaks 1425. >> how much credence do you give to the notion of what's going on in europe and these anti-austerity protests are causing some of what we're seeing? >> a lot of it. it brought it back to the surface again that those problems are nowhere near being solved. greece, spain, now...
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Dec 4, 2012
12/12
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CSPAN
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to follow up on the fiscal cliff. you can solve this fiscal problem if you grow our role to position relative to everybody else's. a big problem is the percentage of government spending is more than its should be related to total gdp. if there is an easier for millet in the history of economics that -- formula ever in the history of america -- economics that more american energy equals more american jobs, i don't know what it is. it is all the jobs you have if you of a reliable supply of energy. the front page of the "the wall street journal" indicates a difficulty of connecting this cheap product we have in natural gas. we thought we would run out natural-gas as a country. connecting this cheap product with a more expensive market and getting it overseas. if we could become energy self- sufficient, that does not mean we would not buy on the world market, but if we could meet our needs in the north american markets, almost all of that money comes back to us. we have no better trading partner than canada. nafta has inc
to follow up on the fiscal cliff. you can solve this fiscal problem if you grow our role to position relative to everybody else's. a big problem is the percentage of government spending is more than its should be related to total gdp. if there is an easier for millet in the history of economics that -- formula ever in the history of america -- economics that more american energy equals more american jobs, i don't know what it is. it is all the jobs you have if you of a reliable supply of...
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119
Dec 8, 2012
12/12
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the right blueprint. we are not in a position to be held hostage by anybody. it also focuses on find more and use less. what we can do in the federal government is i think invest in research and getting a 500-mile battery for electric cars and getting solar energy that is 1 kilowatt installed and finding a way to capture carbon from coal plants that can be turned into fuel that is commercially sold. we should look at the model of unconventional gas in terms of how our system and federal research and our system of private properties have produced a situation where we have a massiv
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the...
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Dec 3, 2012
12/12
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more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken to our national defense budgets. >> let's go straight to the front lines of the issue. task specializes in systems, engineering and integrate. president and ceo david langstaff is with us, among the defense contractors speaking out today in washington. he joins me now on the telephone. sir, good to have on you the program. thanks for joining us. >> thank you. glad to be with you. >> what's the potential fallout for task if we go over the fiscal cliff. how would you navigate this? >> first, it's just terrible policy to go over the
more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken...
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Dec 18, 2012
12/12
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CNBC
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september 13th, on bernanke and now on fiscal cliff. is it more of the same, people chasing price and have very little conviction in what they do? >> i think there's a big element of that. at some point, that dynamic fadingsfad fades a little bit. in 2012, so much was normal was a surprise. nobody expected a 15% move. nobody expected it to move with corporate earnings and spreads. i do think on a tactical basis, i would expect that. >> that's interesting because earnings season doesn't start until the middle of january and a lot of runway for people to get crazy on the upside and earnings starts with financials. >> and financials probably told you they're expecting pretty good ratings. >> you talked about the mystery broker in the barrons who had a pretty good track record says to sell. why? >> not to quote just one person. i think he whips on himself a little bit because he likes how financials are acting and now not so bearish. when you look at the debt ceiling, you hat a 90 point s&p rally right a few points before the stated deadlin
september 13th, on bernanke and now on fiscal cliff. is it more of the same, people chasing price and have very little conviction in what they do? >> i think there's a big element of that. at some point, that dynamic fadingsfad fades a little bit. in 2012, so much was normal was a surprise. nobody expected a 15% move. nobody expected it to move with corporate earnings and spreads. i do think on a tactical basis, i would expect that. >> that's interesting because earnings season...
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86
Nov 27, 2012
11/12
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CSPAN
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eye 86
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in the negotiations or the fiscal cliff. public events, private meetings, so far they are not set a date for them to get together. some quick headlines. tensions intensified in egypt as the muslim brotherhood president -- he has met with judicial leaders. that is the latest of egypt. and the los angeles times, syria is now a shell of its old self. the los angeles times reporting on that. and then this tension debate on whether susan rice should become the next secretary of state. this is the washington times. but as far back to our discussion this morning for all of you. going off the fiscal cliff, some democrats are saying that the possibility and wouldn't be so bad. steve, on our line for republicans, what do you think? caller: i totally agree with the caller from texas who said that we should return to the clinton era tax law. just think of that era we had. we had a budget surpluses. and we had a winning prosperity. i do not think we need to fear returning to the clinton tax law. and as the caller said from texas, the dem
in the negotiations or the fiscal cliff. public events, private meetings, so far they are not set a date for them to get together. some quick headlines. tensions intensified in egypt as the muslim brotherhood president -- he has met with judicial leaders. that is the latest of egypt. and the los angeles times, syria is now a shell of its old self. the los angeles times reporting on that. and then this tension debate on whether susan rice should become the next secretary of state. this is the...
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Dec 11, 2012
12/12
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CNBC
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eye 66
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., the fiscal cliff story. the challenge is, changes to tax law that make it more expensive to own a home. >> if the mortgage interest rate deduction were eliminated, what would happen to this forecast up 950? >> absolutely catastrophic. >> so, here's very bullish. 950 in terms of housing starts added next year, an increase of 22%. if the mortgage deduction is eliminated, we could be looking at flat. coming out today in a report, saying that the fiscal cliff could reverse u.s. home price improvements. so, that sees like a lot of risk built into the sector here. >> yeah, if you look at the sector, evaluation wise -- hd and lowe's price to earnings ratio are above where they were during the peak of the housing bubble. that's a lot of hammers that you have to sell here. i'm short. that's the way to play it. >> there's a rise which has just within phenomenal and then there's the actual housing market which has had a nice bump but nowhere near what we've seen in the equities, so, i think we could see both, them come
., the fiscal cliff story. the challenge is, changes to tax law that make it more expensive to own a home. >> if the mortgage interest rate deduction were eliminated, what would happen to this forecast up 950? >> absolutely catastrophic. >> so, here's very bullish. 950 in terms of housing starts added next year, an increase of 22%. if the mortgage deduction is eliminated, we could be looking at flat. coming out today in a report, saying that the fiscal cliff could reverse u.s....
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59
Jun 6, 2012
06/12
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CSPAN2
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eye 59
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job creators are concerned about the pending fiscal cliff. if congress does not act before the election to deal with these issues, the economy will suffer from this uncertainty in the coming months. the legislation i've introduced along with senator sessions requires the administration to share with congress and with the american people their plan for exactly how the s. con. res. -- sequesteration will be cared out. it is straightforward legislation and is something i hope my colleagues on both sides of the aisle will work to ensure that this plan is shared with the congress and with the american people. madam president, we have, as everybody knows, a big pileup occurring at the end of the year, the sequesteration with the tax cuts that will occur, capital gains rates, dividend rates, the death tax, all these things pile up, the debt limit increase, all these things happen at a time that will create incredible amounts of uncertainty in our economy. the best thing that we can do for the american people, for our job creators, for investors, for
job creators are concerned about the pending fiscal cliff. if congress does not act before the election to deal with these issues, the economy will suffer from this uncertainty in the coming months. the legislation i've introduced along with senator sessions requires the administration to share with congress and with the american people their plan for exactly how the s. con. res. -- sequesteration will be cared out. it is straightforward legislation and is something i hope my colleagues on both...
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80
Dec 26, 2012
12/12
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FBC
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eye 80
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we've got short-term with the fiscal cliff and then after the fiscal cliff. give me what your predictions are as we navigate the roller-coaster ride that will happen over the next few days? >> okay. i think we saw the bottom for national prices at about 3.21 on the last day of autumn. we'll wobble a little bit higher in the next two months. we'll probably get a sugar rush at start of the year with a lot of money coming into commodities. we'll get a typical surge we get from february through april. i think it will take us to about 3.75, but not to some of highs we've seen in previous years. the average price this year is 3.61. i think we'll average less than that next year. somewhere between 325 and 3.75 for the average. a little bit of good news. shibani: so the consumer can count on a few extra bucks in their pocket not taken out at the pump. >> the consumer actually i heard one of your guests talking about retail sales, consumer is using 5% last gasoline in the last four weeks than last year. it seems as though the high numbers do take a toll at one point.
we've got short-term with the fiscal cliff and then after the fiscal cliff. give me what your predictions are as we navigate the roller-coaster ride that will happen over the next few days? >> okay. i think we saw the bottom for national prices at about 3.21 on the last day of autumn. we'll wobble a little bit higher in the next two months. we'll probably get a sugar rush at start of the year with a lot of money coming into commodities. we'll get a typical surge we get from february...
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305
Dec 11, 2012
12/12
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CNBC
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eye 305
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fiscal cliff. >>> gains for most european stocks yesterday outside of italy. and we sort of continued that trend today. the xetra dax just about on its 52-week high. the cac 40 hit a 52-week high yesterday. the xetra dax up around .the %. yesterday, we saw a real back up in yields at the ten-year level sustained for italy. really across the curve. today, we're seeing a bit of a rebound in place. yield falling 5.55%. italy, down to 4.8%, just about. bund yield is moving a little higher. pretty much a mirror image of what we were looking at yesterday, ross. >> tourism in the region has declined, but how badly has the travel sector been hit? the value of tourism as an industry still represents 5% of gdp. but european market share continues to fall off in the last decade, for more, we have the ceo of the european travel commission joining us. why have we seen europe shares of the global market? >> this is a normal process. new destinations for lastin america, korean nations, they have been improving in
fiscal cliff. >>> gains for most european stocks yesterday outside of italy. and we sort of continued that trend today. the xetra dax just about on its 52-week high. the cac 40 hit a 52-week high yesterday. the xetra dax up around .the %. yesterday, we saw a real back up in yields at the ten-year level sustained for italy. really across the curve. today, we're seeing a bit of a rebound in place. yield falling 5.55%. italy, down to 4.8%, just about. bund yield is moving a little higher....
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83
Oct 11, 2012
10/12
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FBC
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eye 83
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and that fiscal cliff, more like a bunny slope. "new york times" and saying, ronald reagan a former budget chief said, that is wrong. you should be worried if the times says that is right, david stockton here, and only here. but first the irish calling for another round, not of beer, of oil, more drilling, how ireland is drilling us under the table. if you think we're close to following, you better drink again. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your do
and that fiscal cliff, more like a bunny slope. "new york times" and saying, ronald reagan a former budget chief said, that is wrong. you should be worried if the times says that is right, david stockton here, and only here. but first the irish calling for another round, not of beer, of oil, more drilling, how ireland is drilling us under the table. if you think we're close to following, you better drink again. before copd... i took my son fishing every year. we had a great spot, not...
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Dec 11, 2012
12/12
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and first before we go there let's go to the fiscal cliff. what do you think ought to come out of an agreement between the president and john boehner? >> i make a couple comments. the first one is we've got to get this done now. not -- you know, there are people that will write or go on news shows and say we can let it lapse two weeks or something like that. that is specifically not true. we need this to get resolved now. not because jim mcinernie will say it. but because the people who work for us, their lives are in flux. and this is encredibly critical we get it done now. we need revenue. everybody knows we need rev. >> rose: so the president is right in asking for more revenue and not extending the bush tax cuts for $250,000? >> bowles simpson, there's not been one commission that says we can do this on spending cuts. i think speaker boehner is the only guy that can lead us in that. >> rose: he's got to take the republican house of representatives -- >> he's got to take the deal and i trust he can do it. >> rose: you're urging him to do i
and first before we go there let's go to the fiscal cliff. what do you think ought to come out of an agreement between the president and john boehner? >> i make a couple comments. the first one is we've got to get this done now. not -- you know, there are people that will write or go on news shows and say we can let it lapse two weeks or something like that. that is specifically not true. we need this to get resolved now. not because jim mcinernie will say it. but because the people who...
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Aug 22, 2012
08/12
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CSPAN
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i will be talkinabout the fiscal cliff. i did this speech a while ago, about a month or so ago, and that had a different view. i had a view at that time that we did not wt to be in that blue '58 thunderbird. now i think our leaders a trying to get a seat in the car. i will explain that to you in a minute. in the past month, things have changed here. i want to get to that. the way i look at our current budget situation, we seem to be following movie titles quite a bit. we have "the perfect storm." the fiscal cliff. what i fear is that we are going into the year of living dangerously. perhaps some of the statistics we have seen recently on growth and unemployment and on investment iicate we may already be in that because of the uncertainties because of the fiscal situation we have. what i'm going to talk about today is our fiscal future. i will try to talk about it from three different perspectives. the near-term, the perfect storm or the fiscal cliff, and what were facing over the next couple of months. the median-term, the
i will be talkinabout the fiscal cliff. i did this speech a while ago, about a month or so ago, and that had a different view. i had a view at that time that we did not wt to be in that blue '58 thunderbird. now i think our leaders a trying to get a seat in the car. i will explain that to you in a minute. in the past month, things have changed here. i want to get to that. the way i look at our current budget situation, we seem to be following movie titles quite a bit. we have "the perfect...
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and america's america braces to itself to plunge off the fiscal cliff as democrats and republicans over taxes and imminent tax rate defaults. moscow says that the refusal refusal of serious k. opposition coalition to enter into dialogue with the government is a road to nowhere and will only result in further bloodshed at a meeting with international peace envoy to syria lakhdar brahimi foreign minister sergey lavrov reiterated that dialogue is the only means to resolve the conflict he has also stated on numerous occasions that although russia condemns the methods the syrian army is using in the war it will take no part in regime change in his and his his response to the leader of syria's key rebel group who demanded moscow apologies for what he described as support for president. i understand that mr hood is probably not very experienced in politics if he's looking to be a serious politician it is in his interest to hear our position from us and not from the media that sometimes disk. information so i'll repeat we're ready to talk to or opposition forces but we start from the premise th
and america's america braces to itself to plunge off the fiscal cliff as democrats and republicans over taxes and imminent tax rate defaults. moscow says that the refusal refusal of serious k. opposition coalition to enter into dialogue with the government is a road to nowhere and will only result in further bloodshed at a meeting with international peace envoy to syria lakhdar brahimi foreign minister sergey lavrov reiterated that dialogue is the only means to resolve the conflict he has also...
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Nov 12, 2012
11/12
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CNBC
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is the fiscal cliff a grand canyon or more of a fiscal mole hill. join the conversation. worldwide at cnbc.com, @cnbcw , cnbc.com, @cnbcwex, @ rosswestgate, @kelly_evans. kelly will be back with us during the second half with the chatham house. after losses last week of around 1.6% for the ftse, 2.% for the dax, pretty mixed today. bond yields just coming back a bit for spain. in italy, they're on that 5% mark. they are lower for bunds down at 1.3. currency markets, euro-dollar on the 1.27 mark this morning, sterling slightly weak against the dollar, as well. dollar-yen barely moved after the gdp numbers. we'll keep our eyes on brent and nymex, as well. i can see brent down slightly this morning at $109. and nymex currently tracking lower at $85, as well. platin platinum ticking slightly up. so the oil market report is due. we'll get analysis after the break and talk a lot more about the fiscal cliff. we'll get into tablet wars. second hour of "worldwide exchange" is commencing in just under three minutes. >>> the world's third biggest economy may already be in recession.
is the fiscal cliff a grand canyon or more of a fiscal mole hill. join the conversation. worldwide at cnbc.com, @cnbcw , cnbc.com, @cnbcwex, @ rosswestgate, @kelly_evans. kelly will be back with us during the second half with the chatham house. after losses last week of around 1.6% for the ftse, 2.% for the dax, pretty mixed today. bond yields just coming back a bit for spain. in italy, they're on that 5% mark. they are lower for bunds down at 1.3. currency markets, euro-dollar on the 1.27 mark...
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Dec 1, 2012
12/12
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. >>> the world is finally paying attention to the fiscal cliff. ufr known about the economic storm of our own making for months now. this is "your money." i wasn't waiting for the elections to end to focus on this major threat to the economy. i wish others had. it would have given us more time to fix this major problem. now there is a focus on one thing and one dangerous man, a man who's not elected, who's never run for office, and is standing in the way of a potential economic disaster. he's been called a kingmaker, a patri patriot, and the ideological godfather of the tea party. since the mid 80s, grover norquist has been the driving force behind the anti-tax movement. his goal, to take big government and in his words, drown it in the bathtub. norquist's weapon is the taxpayer protection pledge which was at one point signed by 95% of gop members of congress. raise your hand if you feel so strongly about not raising taxes. >> on the campaign trail this year, only one republican presidential conditioned date, john huntsman, dared to cross him. nor
. >>> the world is finally paying attention to the fiscal cliff. ufr known about the economic storm of our own making for months now. this is "your money." i wasn't waiting for the elections to end to focus on this major threat to the economy. i wish others had. it would have given us more time to fix this major problem. now there is a focus on one thing and one dangerous man, a man who's not elected, who's never run for office, and is standing in the way of a potential...
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cliff. it's a very good question so just just imagine for a second that you're john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have had done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about the global economy and foreign investment stuff like that i think those are all really good ideas but every country has to wrestle with some very basic things were guarding spending and taxes and we have a massive deficit in this country it's not one party's fault it's both parties fault to some extent and that's something that we have to wrestle with are we going to increase revenue are we going to cut spending we're going to do a little bit of both the republicans have given us absolutely no maneuver
cliff. it's a very good question so just just imagine for a second that you're john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have had done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about...
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i think that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they don't realize it yet. [laughter] good to see you. >> thank you. david: well, is now the time to buy apple? a morningstar senior equity analyst thinks so and says some of the blame for the recent decline should fall on washington. why? find out why, coming next. liz: plus, choice hotels expanding its upscale brand right here in america. they must believe that there's a real market here. find out why they're starting three brand new upscale ones at least here in new york. steve joyce, choice hotels ceo and president, joining us after the break. ♪ music is a universal language.
i think that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they...
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i have to start with this fiscal cliff that is being managed. i said at the beginning of this broadcast, this is unequivocally and solely thepresident's decision. it is his soluon that will determine whether we go into a fiscal cliff. why is te republican party not getting that? >> well, i think they missed out on a big opportunity to own this argunt. theyissed out on it. mitt romney missed out on it dung the presidential campaign. and it was missed out on this time around. a lot of conservatives are real hoping thate was going to d dig his heels in on this issue and but for the proposal that was all right and ask and we could count on it and maybe do some of the pr and marketing to back tha up so we can swing public opinion. >> except clearly that is not happening. >> let's move forward. hindsight. okay. mistakes were made. now what to do? a tour republican party sees this is a huge political gam, why don't they do smmething about it? >> the republican party is going to get blamed. if you look a all of the polling, the pure research, everyone i
i have to start with this fiscal cliff that is being managed. i said at the beginning of this broadcast, this is unequivocally and solely thepresident's decision. it is his soluon that will determine whether we go into a fiscal cliff. why is te republican party not getting that? >> well, i think they missed out on a big opportunity to own this argunt. theyissed out on it. mitt romney missed out on it dung the presidential campaign. and it was missed out on this time around. a lot of...
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Dec 2, 2012
12/12
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washington has to do a lot to avoid the fiscal cliff
washington has to do a lot to avoid the fiscal cliff
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Dec 30, 2012
12/12
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WBAL
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the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked investors, t
the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo....
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Dec 28, 2012
12/12
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cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday, and it was reported in the paper today that america will reach its debt limit on december 31. that needs to be dealt with so that we can maintain the creditworthiness of this nation, so we can give confidence to this economy. in addition to that, there is much other business to do. over the past weeks, majority leader cantor said the house would do the work necessary to finish the items we needed to get done by the end of the year. i talked to mr. cantor today and urged him to have us come back. they are having a discussion about that, i think, at 2:30, shortly, the republican conference on a call. i hope they conclude as we have concluded -- and i speak
cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday, and it was reported in the paper today that america...
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Dec 10, 2012
12/12
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does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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Dec 31, 2012
12/12
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there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner comes out georgia. up on the east coast, new york city is for the bankers are and insurance companies and derivatives and the jews that run the media. host: i will stop you on that point. this is from jan. some of you sharing your thoughts on our facebook page as well. one person writes -- host: join us honor twitter page or on our facebook page. rick from charlotte, north carolina. caller: good morning, america and steve. this is a great time to be an american. i think we are all looking forward to the new year. i am a loyal but nervous. -- i am a little bit nervous. mi
there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner...
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Nov 29, 2012
11/12
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COM
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because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doe
because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it....
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Dec 21, 2012
12/12
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the move comes as talks to avert the fiscal cliff hit an impasse. darren gersh reports. >> reporter: as washington looks over the edge of the fiscal cliff, democrats and republicans were throwing elbows and getting personal. speaker boehner explained why he pushed the house to vote on a republican plan "b" tonight. >> i did my part, they did nothing. and frankly, i'm convinced that the president is unwilling to stand up to his own party on the big issues that face our country. time is running short. the house will act today, and then it will be up to senate democrats and the president to act. >> reporter: the white house has already declared plan "b" dead and buried, branding it a multi- day exercise in futility. >> it's proposals would give, on average, a tax cut for millionaires and billionaires of $50,000, hardly what the american people thought they were getting as a result of the debates and of the election. >> reporter: there are many scenarios that lead to the fiscal cliff and even over it. but here's what plan "b" could do. it could put more
the move comes as talks to avert the fiscal cliff hit an impasse. darren gersh reports. >> reporter: as washington looks over the edge of the fiscal cliff, democrats and republicans were throwing elbows and getting personal. speaker boehner explained why he pushed the house to vote on a republican plan "b" tonight. >> i did my part, they did nothing. and frankly, i'm convinced that the president is unwilling to stand up to his own party on the big issues that face our...
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Nov 19, 2012
11/12
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FBC
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it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do something about it. gerri: it is all concerned that the exports are down. we have china and trouble. europe is in trouble. the u.s. economy is sustaining the planet. >> two of the three major players, at least, the u.s. and europe are majorly concerned with expenditure and death. china doesn't have the same thing. but they are doing all kinds of crazy things in china as well. it is hard to see where any growth is going to come from and anybody will lead the world into a better economic situation. nobody is making the right decisi
it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do...
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Oct 27, 2012
10/12
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FBC
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let's start with the fiscal cliff. because you think this is just way oversold, somebody out there selling a bill of goods trying to scare people. >> i think congress created the parameters around the fiscal cliff. congress will find a way to and -- are we going to come up with a grand compromise? no. we won't do that. are we going to kick that can down the road? more than likely yes. is that calamitous for the stock markets? notes. it's not the solution you want. gerri: i'm glad you're convinced. i'm not covinced. gerri: if they fail we are looking at 12 percent unemployment, 6 million jobs lost by 2015. this is a report from the national association of manufacturers up today. it mak the case that this would be calamitous for the economy and calamitous for stocks of companies trying to make earnings. >> i did not say they were going to do the right thing. i said there were going to avoid calaty. avoid a calamity. i do believe they will do hat. that's a done deal. gerri: i hope you're right because i don't have all the
let's start with the fiscal cliff. because you think this is just way oversold, somebody out there selling a bill of goods trying to scare people. >> i think congress created the parameters around the fiscal cliff. congress will find a way to and -- are we going to come up with a grand compromise? no. we won't do that. are we going to kick that can down the road? more than likely yes. is that calamitous for the stock markets? notes. it's not the solution you want. gerri: i'm glad you're...